Funded by Euregio Karelia Neighbourhood Programme 2001-2006
Objective of the project
The goal was to build a network across the border region, which would have the ability to refine Karelian wood into high-class products.
• Creating a wood-sourcing network in Russian Karelia in cooperation with JSC Karellesprom in order to serve the raw material procurement of Oy Nordic Veneers Ltd. • Assessing the prerequisites for establishing a joint venture with Lestrans-Invest and expanding veneer production
The project was completed as planned. A wood-sourcing network was built in Karelia in cooperation with the Russian counterparts and it was estimated that the network would continue to operate at maximum efficiency in the future. Wood products were already being imported from Karelia during the project. The company did also research on establishing a joint venture in Karelia. As a result, wood-purchasing company OOO Belostock Ltd was established in Olonets, Russian Karelia. The company employed four Russian workers at the end of 2003. Two jobs were created at Oy Nordic Veneers Ltd during the project and four at the Russian wood sourcing company. A Russian expert was trained at the company’s Ii factory and employed by the company at the beginning of the project.
Duration2001-10-01 - 2004-09-30
Total Budget / Programme funding62 741 € / 31 369 €
Lead partnerOy Nordic Veneers Ltd
Lead partner web-site
Ministry of Economic Development of the Republic of Karelia